CBSE Class 11-commerce Answered
Goods destroyed by fire will be
recorded in which subsidiary book?
Asked by Topperlearning User | 11 Jul, 2016, 04:49: PM
Expert Answer
Journal proper records those transactions which cannot be recorded in any other subsidiary book such as cash book, purchase book, purchase return book, sales book, sales return book, bills receivable book and bills payable book. Journal proper is also known as journal residual.
Goods destroyed by fire cannot be recorded in any other subsidiary book other than journal proper as it does not affect cash book, purchase book, sales book, purchases return book, sales return book. Therefore, goods destroyed by fire will be recorded in a journal proper.
Answered by | 11 Jul, 2016, 06:49: PM
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT